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Waterstone Properties Group Jobs (NOW HIRING)

Liaise with Property Management and Accounting to ensure accurate lease abstracting, billing of Common Area Maintenance (CAM), and timely collection of percentage rent (where applicable). IV. ...

Waterstone Properties Group information

What is Waterstone Properties Group?

Waterstone Properties Group is a commercial real estate development company that specializes in acquiring, developing, and managing retail, mixed-use, office, and industrial properties. Founded in 2001 and based in Needham, Massachusetts, Waterstone operates in various markets across the United States. The company is known for its focus on creating vibrant, community-oriented spaces and has developed millions of square feet of commercial property. Their portfolio includes shopping centers, mixed-use developments, and healthcare-related real estate. Waterstone is recognized for its commitment to sustainable development and building long-term relationships with tenants and communities.

What are some typical challenges faced by professionals working at Waterstone Properties Group, and how can new hires best prepare for them?

Professionals at Waterstone Properties Group often work in a fast-paced, collaborative environment that requires balancing multiple projects and deadlines. A common challenge is adapting to the dynamic nature of commercial real estate, where market conditions and client needs can shift rapidly. New hires can best prepare by honing strong organizational and communication skills, staying adaptable, and proactively seeking feedback from colleagues. Building relationships across departments is also key, as teamwork and cross-functional collaboration are essential to success at the company.

What is the difference between Waterstone Properties Group vs Property Manager?

AspectWaterstone Properties GroupProperty Manager
CredentialsReal estate licenses, property management certificationsReal estate licenses, property management certifications
Work EnvironmentCorporate office, on-site at propertiesOn-site at properties, administrative office
Employer & IndustryReal estate development and management firmsProperty management companies, real estate firms
Common Search IntentCompany overview, employment opportunitiesJob responsibilities, company comparison

Waterstone Properties Group and Property Managers share similar credentials and work environments, focusing on managing residential and commercial properties. While Waterstone Properties Group is a specific company, Property Manager is a role found across many firms. Understanding their differences helps job seekers and clients clarify whether they are exploring a company or a position within the industry.

What are the key skills and qualifications needed to thrive as a Commercial Real Estate Development Manager, and why are they important?

To thrive as a Commercial Real Estate Development Manager, you need expertise in real estate finance, project management, market analysis, and a relevant degree such as in business, finance, or real estate. Familiarity with property management software, financial modeling tools, and industry-standard project management systems is important. Strong negotiation, communication, and leadership skills help build partnerships and coordinate with diverse stakeholders. These competencies ensure successful project delivery, maximize property value, and drive growth in competitive real estate markets.
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Infographic showing various Waterstone Properties Group job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.
Construction Project Manager

Construction Project Manager

Waterstone Properties Group

Westbrook, ME • On-site

Full-time

Posted 21 days ago


Job description

Project Manager – Rock Row
Location: Westbrook, ME (Rock Row) 
Employment Type: Full-Time  
Reports To: Development & Construction Manager
 

ABOUT THE ROLE

Waterstone Properties is seeking an experienced Project Manager to help lead the next phases of the Rock Row development in Westbrook, Maine. Rock Row is one of New England’s most ambitious mixed-use destinations combining retail, entertainment, healthcare, residential, hospitality, and office uses on a transformed 110 acre site and the next phases will bring significant new vertical and horizontal construction online over the coming years.
This role is responsible for managing multiple Rock Row projects simultaneously from infrastructure and site work through tenant fit-outs and new vertical construction while serving as the day-to-day point of contact for development partners, capital partners, anchor tenants, design teams, contractors, and municipal stakeholders. The Project Manager will be the connective tissue across these projects, ensuring schedules align, scopes don’t collide, and partners are kept informed every step of the way.
The ideal candidate is a hands-on, organized leader who thrives juggling multiple concurrent projects, communicates clearly and proactively with partners, and can navigate the complexity of a large-scale, multi-phase development with confidence and accountability.

RESPONSIBILITIES


Multi-Project Delivery & Execution

•       Manage multiple Rock Row projects simultaneously including site infrastructure, vertical construction, tenant fit-outs, and amenity buildouts from pre-construction through closeout
•       Develop and maintain integrated master schedules across active projects, identifying and resolving conflicts in sequencing, logistics, shared site access, and trade availability
•       Monitor day-to-day progress against baseline schedules and budgets, proactively identifying and resolving variances, delays, and risks before they cascade across projects
•       Oversee site activities, quality control, and safety compliance in coordination with superintendents and field staff across all active Rock Row work zones
•       Manage permitting, inspections, and coordination with the city, state agencies, and utility providers across project phases
•       Drive project closeout activities including punch list completion, commissioning, final documentation, warranty handover, and tenant turnover

Partner & Stakeholder Coordination

•       Serve as the primary day-to-day point of contact for joint venture partners, capital partners, anchor tenants, and key stakeholders across the Rock Row development
•       Establish and maintain a regular cadence of partner updates including weekly status reports, monthly project reviews, and milestone briefings to keep all parties aligned on schedule, budget, and key decisions
•       Lead project meetings and coordinate with architects, engineers, contractors, subcontractors, consultants, and internal teams to keep work aligned and moving
•       Coordinate tenant coordination activities for incoming retail, restaurant, and commercial tenants, including delivery condition handover, fit-out reviews, and grand-opening readiness
•       Provide clear, timely project reporting to internal leadership and external partners, surfacing risks, decisions, and trade-offs early

Budget, Cost & Contract Management

•       Prepare, track, and manage project budgets, change orders, contingencies, and monthly cost reporting across multiple concurrent projects
•       Review, negotiate, and administer subcontracts, purchase orders, and vendor agreements
•       Review and approve subcontractor pay applications, invoices, and partner billing/draw packages in accordance with contract and JV terms
•       Identify and implement cost-saving opportunities through value engineering, scope refinement, and proactive risk management
•       Maintain accurate project documentation including RFIs, submittals, meeting minutes, daily reports, and as-built records across all assigned projects

QUALIFICATIONS


Required

•       Minimum 5 -10 years of progressive experience managing commercial construction projects from pre-construction through closeout, with proven success running multiple concurrent projects
•       Demonstrated experience delivering medium-to-large-scale retail, commercial, healthcare, residential, or mixed-use projects, with an understanding of the unique code requirements, regulatory standards, and construction complexities specific to each sector
•       Strong track record of partner-facing communication able to brief joint venture partners, capital partners, and tenants with clarity and confidence
•       Advanced ability to read and interpret construction drawings, specifications, and contract documents
•       Strong working knowledge of construction methods, materials, means, sequencing, and current market pricing
Proficiency with project management and scheduling software